New York City Water Views for $500,000 or Less

May 24, 2015 · 37 comments
Peter A. Geiger (Bronx, NY)
How about Co-op City in the Bronx? The equity for a three bedroom apartment is under $30,000; monthly carrying charge is less than $2000. Garage space is less than $100 per month. If you face east you will see Long Island Sound, Pelham Bay Park and Eastchester Bay. South are the Throgs Neck and Whitestone Bridges. West is the GW Bridge and the heartland. North is Westchester. My apartment swings from east to west with views from Long Island Sound, the Hutchinson River, the Manhattan skyline and the GW Bridge. Come live on the mainland USA in the Bronx.
xp (New York)
Another good place to look at - Van Cortlandt Village in the Bronx
See article "Affordability, and Pride of Place"
james (bay ridge)
Where is Shore Road in Brooklyn? A view of the Verrazano and Staten Island across the bay!
Susan (beechurst)
LeHavre in Beechurst offers sooooo much more than most on your list. Expansive views of the L.I. sound & East River from the 100 sq. ft. terraces of many apartments as well as a clubhouse, coffee shop and pool with glorious water views was woefully omitted. What a loss to your readers looking for a home on 28 beautifully landscaped acres, 2 pools, tennis courts, a state of the art gym, playgrounds, close to airports and NYC! This is one of the best kept secrets of NYC!
Andre (New York)
That picture of Bayside, Queens looks amazingly like it was somewhere else. I know the buildings and can tell that area of the Long Island Sound - but still... Well I guess the water cleanliness have really improved - evidenced by the beluga whales that have been in the LI Sound for the past week.
Chuck W. (San Antonio)
So I guess those with more modest means will have to be satisfied with a screen saver view of the water.
Andre (New York)
No... There are public housing projects on Coney Island and the Rockaways. Right at the great big Atlantic Ocean.
John Smith (NY)
Funny how people who can afford $ 500,000 apartments can commute to Manhattan for work. Meanwhile the "poor" in Manhattan's rent regulated apartments feel that they are entitled to live almost rent free (compared to renters paying market rates). Shame on NY's legislators for allowing NY's archaic rent laws to continue benefiting a few over the many.
Anne (NYC)
So what does this have to do with the article? And what is the internal logic about commuting to Manhattan? Every week this poster grinds the same ax regardless of whether it has any logical connection.
Jonathan (Boston)
Why do you think it is funny? It's not funny. It's a commodity, which means many people can make good money trading it. Do you think that there isn't any profit to be made renting out your rent controlled apartment?

NYC deserves the corruption it gets. Stop whining and start organizing a city-wide or even state-wide vote. Get it on the ballot and get rid of the babies and bullies ripping you off!
The NY Times Real Estate section is, as usual, giving a "not-quite-as-it-seems" account of these various water-view apartments. There are plenty of downsides to almost any of these locations, otherwise they would in fact have been considered "prime" locations ages ago, and would already be unaffordable (though $500,000 is still pretty darn unaffordable for most people!).

Oh, yes, the Rockaways ... marvelous except for the tedious commute and ultra-bitter winter wind off the ocean. Riverdale, so convenient ... NOT! Inwood & Washington Heights: uphill in both directions, and just a half-hour to midtown IF the subway doesn't get loused up.

Cost of commuting and time it takes to commute are apparently not considered relevant by the Times.
Andre (New York)
So exactly what is your point? I never read anywhere it said they are perfect. Quick access to Midtown or Lower Manhattan via public transport always affects prices. It goes without saying. As to all of these - well it's a trade-off. Oh and just for the record - not everyone in NYC works in Manhattan.
michael (uptown)
Poorly researched article-How about the Co-ops on Grand St.-Its named The East River Co-ops and there are many 1BR with terrace for 500K or less
Steve (NY, NY)
None with 1BR and terrace for less than $600K. None with water view - which is what this article is about - for less than $850K.
David G (New York)
You mention Staten Island when it comes to water views, but then practically dismiss it by not including any of those views. Stunning views can still be had in great apartments for less than $500,00 by the Staten Island Ferry, with a great commute for those who work downtown. The Victorians on the hillside. of course, are now going for more. With the NY Wheel, Empire Outlets, Lighthouse Point and other developments though, prices are rising fast - and soon there will be nothing left in the area to be had for under $500,000.
SR (New York)
What about Brighton Beach, or are the prices there all out of sight?
Andre (New York)
It doesn't seem they focused on any of the ocean communities.
Ed (Yonkers)
It is even getting better. Condo in front of Hudson River, walk to MetroNorth Yonkers station. P.O. Library, banks, restaurants.

The building is 23 Water Grant st. 1 br can be had for in the $ 300,000 .
Richard E. Santaga (Belle Harbor, NY)
I am appalled that this article could be published without mention of The Rockaways (that's Queens, NY, CJ Hughes. There are miles of homes, apartments, condos, and co-ops with oceanfront views.
SR (New York)
I grew up there, but now would be waiting for the next big hurricane to hit.
RJS (Chapala, Mexico)
What about Washington Heights near yeshiva University? Laurel Hill Terrace in the low 180's faces the Harlem River.
Nan Socolow (West Palm Beach, FL)
S'wonderful, s'marvelous, inexpensive apartments with water views in the OBs and Manahatta! For those of us who recall $25,000.00 co-ops on high floors in buildings lining Gramercy Park - with unimpeded views uptown (UN and East River) and downtown (towards the Battery) and a glimpse of the Hudson to the west, these prices C.J. Hughes records are beyond the Pale. So many small apts still available with water views (Rockaways, City Island, Coney Island, Astoria, etc, not mentioned in this piece) for under $500K - amazing! PS If you adore the sound of trains 24/7 on the east bank of the Hudson River, you'll love Spuyten Duyvil.
Andre (New York)
Yes - there are a lot of nice waterfront communities in the East Bronx for good prices. Nice new condos in Spencer Estates and Country Club. The houses in Locust Point and Silver Beach on the water are closer to $1 million though...
Susan (beechurst)
There are plenty of 1000 sq. ft. apartments with water & city views in Beechurst, Queens. Many under $500k...
Eugene (NYC)
An amazingly short sighted view.

The Rockaways have water on two sides and a great many homes have water views. The Rockaways have some fairly expensive homes, costing over the half million dollar threshold in Bayswater, Belle Harbor, and similar areas as well areas of lower cost homes, including some NYCHA projects.
Nat Solomon (Bronx, NY)
Your article omitted the Van Cortlandt Village section of the northwest Bronx, a little-known area just north of Kingsbridge. Many apartments in my building face the beautiful Jerome Park Reservoir. Apartments range from $170,000 to $360,000. Some also include breathtaking distant panoramic views of Long Island, Manhattan, The Bronx, and the New Jersey Palisades. Terraces with diluvian views add to the enjoyment of some of the apartments.
Lj (New York)
I find it interesting that the Rockaways, the area with the largest body of water to be viewed, the Atlantic Ocean, was not even mentioned. The resurgence of Rockaway Beach & neighborhoods west of 116th St., such as Belle Harbor & Neponsit, plus more recent construction of Arverne by the Sea have brought the peninsula into view & the hipster vibe. Certainly, Bayswater, with a gorgeous view of Jamaica Bay & the New York skyline, would lead one to believe that this would be some of the most affordable real estate available in NYC.
KF (Maine)
Best view is fron either Jersey City or Hoboken. I lived at 1 Harborside Pl. in Jersey City and had the most incredible--and for the area affordable--views of NYC and particularly the ebb and flow of river traffic on the Hudson.
PS. I really miss living there.
Peter Einstein (Brooklyn, NY)
What about Brooklyn's south shore? For example, in the area around Trump Village (built by Fred Trump, not The Donald), between Brighton Beach and Coney Island, there are plenty of coops under $500,000 -- in fact, most 2 bedroom units are under $400,000! -- with ocean views (not just water views) and incredible ocean breezes that make summer in the city a lot more bearable. Plus, having the beach so close by is amazing. Sure the subway ride into Manhattan takes a bit longer, but you can always get a seat.
Don Wiss (Brooklyn, NY)
Apartment 1129 at 5 Tudor City Place is facing an empty lot that will be developed. Only a fool would buy that apartment with the expectation that the view will last.
Came in here to say that and you beat me to it. I'd also like to add that if you have any non-freeway land between you and the water, I guarantee you it will be developed. A developer will tear down a 400 year old church if it can make money to do so. Here in CA, we have another thing where you don't want to buy any house next to a vacant corner lot. Every corner lot is being turned into a 5 story condo development, regardless of previous zoning.
B. (Brooklyn)
In any event, it always pays to read the fine print.

You can purchase a co-op with a terrace and discover only years later that the building next door has permission to build several stories up; and the next thing you know your terrace is walled in, and there goes your view, not to mention your light and air.

If it's a school, your upstairs neighbors might find that their quiet terraces (the ones that haven't lost their view) are suddenly next to or just above a rooftop recess area.

Raise your hand if you enjoy hearing the ear-splitting screams of nine-year-old girls at play.
Don Wiss (Brooklyn, NY)
Yes EMR. It was a poor choice for inclusion here. The apartment is looking at a known development site owned by Sheldon Solow. He has owned it since 2000 and once had plans and approvals. I can't find any current plans for it, but no question that it will be developed someday.

As other have pointed out there are numerous under $500,000 apartments if one is willing to go further from Manhattan. The author specifically excluded Staten Island. Presumably on distance. So places like Coney Island would also be too far away to be included here.
Emily (NYC)
I wonder if there was anything available by Socrates Sculpture Garden in Astoria/LIC. That is such a beautiful view. My husband and I looked at what was a new building in 2011 and the prices were in the $400's. Maybe they're all sold or the prices have risen.
K Henderson (NYC)
Folks be aware that with Spyten Duyvil there are VERY BUSY train tracks (Amtrak and Metro North and freight) lying between you and your beautiful Hudson view. Any of the better river views also mean being within sound range of the tracks.

The freight trains run every night starting at 10PM so be ready for surprisingly loud freight train noises, screeching wheels, etc. It is mostly garbage freight. Lovely area otherwise -- though truth be told it lacks retail unless you want to drive 10 or more minutes away.
Maddy (NYC)
Great honesty K Henderson. However, further north it is peaceful from the shared terraces I checked out facing west in skyview, riverdale.. Downside was the catwalk entrances to the apts, and the sq ft. Amenities and maintenance were super.
In Central Riverdale, there are some taller buildings with lovely Hudson views and we only hear the occasional train whistle.